02 November 2019 Initial Unemployment Claims Moving Average Marginally Worsens
Market expectations for weekly initial unemployment claims (from Econoday) were 215 K to 220 K (consensus 215,000), and the Department of Labor reported 211,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 215,000 (reported last week as 214,750) to 215,250. The rolling averages generally have been equal to or under 300,000 since August 2014.
Source: http://econintersect.com/pages/releases/release.php?post=201911070740
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